Forex Brokers

Understand These Important Points if You Are a Retail Trader – SCAMMERS! (FXCL) Markets Ltd. – Forex SCAMM Company! Be carefull!
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. You should make sure you understand the risks involved, seeking for independent advice if necessary.

Registered by the Financial Services Authority (‘FSA’) number 1637 CTD 2018. FXCL Markets Ltd. registered office: Suite 305, Griffith Corporate Center, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

Base information about Forex SCAM company:

Real adress in Philipines and company name is:

Company Name: Outstrive
Address: 3rd Floor 399 Enzo building, Makati, Philippines
Phone: +1 (347) 891-7520

Top managment of stealer who scam money of clients:

Juan Belleza Jr
Team Leader
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines
639776459387 / 639155292409

Lea Jean Belleza
2056 D Kahilum 1 Barangay 870 Zone 95 Pandacan Manila, Philippines

James Tulabot
Team Leader

Allen Roel Costales
Sale Manager
522 Tanglaw St. Mandaluyong City Barnagay Plainview

Kristoff Salazar
Sale Team Leader
Unit 1414 Kumagawa Bldg River City Brgy 880 Sta. Ana Manila, Philippines

Xanty Octavo
Sale Manager
8137 Yabut Street Guadalupe Nuevo Makati City , Philippines

Virgilito Dada
Account Manager

Elton Danao
Sale Manager
639175048891 / 639991854086

All of this persons need be condemned and moved in Jail.

!!!!!STOP STEAL Philippines MONEY!!!!!!

A cooperative shall recognize the cost of other (non-accumulating) compensated absences when the absences occur. The cooperative shall measure the cost of non-accumulating compensated absences at the undiscounted amount of salaries and wages paid or payable for the period of absence. As an expense, unless another section of this framework requires the cost to be recognized as part of the cost of an asset such as inventories or property, plant and equipment. Other long-term employee benefits, which are employee benefits (other than post-employment benefits and termination benefits) that are not wholly due within twelve months after the end of the period in which the employees render the related service. Short-term employee benefits, which are employee benefits that are wholly due within twelve months after the end of the period in which the employees render the related service. Other factors, such as illiquidity, that market participants would reflect in pricing the future cash flows the cooperative expects to derive from the asset. The time value of money, represented by the current market risk-free rate of interest.

These can include such transactions as securing the Tax Identification Number; registration of business; getting permits to print invoices; getting tax primers and information; etc. 3.Issuance of tax clearances, permits, licenses -The BIR is one agency of the government which issues hundreds of documents a day to taxpayers for tax clearance, permits, licenses and certificates of registration. The application for these may be done electronically and the document itself can be transmitted in like manner, thus ensuring a fast and efficient receipt by the taxpayers. However, the only thing that we cannot do away with is the physical inspection of the premises when required for reasons of factual determination. 2.Electronic payment of taxes -The established practice now is that all tax payments are made directly with the banks. Since the banking industry is one of the foremost users of E-business methods, we foresee a joint cooperation between the banking sector and the BIR to make E-payment of taxes a reality.

The Latest News on Banking and Finance in the Philippines

This trillion peso collection was achieved with an expenditure of only P 6.98 Billion. This collection performance is a result of the Bureau’s strict adherence to its Strategy Roadmap that requires service improvement and good governance. All these efforts lead to taxpayer satisfaction and compliance and eventually to a sustained collection growth. In central bank terms, Bank Indonesia remains one of the most dovish in the region, maintaining its benchmark rate at 3.5%. Indonesia is in a sweet spot amid current global volatility, given the manageable inflation and the prospect of stronger economic growth as the economy reopens this year. In addition, Indonesia benefits when global commodity prices are high as it is a significant and net exporter of these goods, and the country enjoys a strong trade surplus (which touched a 15-year high) that is supportive of its currency, the rupiah. These factors provide Bank Indonesia with the monetary space to be more accommodating than other global central banks.

  • Whether benefits reduced government revenues need a much more in depth research than what has been done so far.
  • The local governments are also showing some initiatives in the area of e-government and cybertaxation.
  • China bonds are also likely to outperform US Treasuries, given that China’s monetary policy is expected to remain dovish.
  • If this framework specifically addresses a transaction, other event or condition, a cooperative shall apply this framework.

However, for payments made through credit cards, the credit card companies are made as the withholding agents for the transaction. However, modern payment modes such as electronic fund transfer or stored value cards are still outside of the withholding tax regulations. A cooperative shall recognize an asset in the statement of financial condition when it is probable that the future economic benefits will flow to the cooperative and the asset has a cost or value that can be measured reliably. An asset is not recognized in the statement of financial condition when expenditure has been incurred for which it is considered not probable that economic benefits will flow to the cooperative beyond the current reporting period. Instead such a transaction results in the recognition of an expense in the statement of operations. Permanent Establishment Concept- Under most of the Philippine tax treaties, the BIR can tax the business profits of a foreign enterprise if it maintains a permanent establishment in the Philippines. The PE concept is defined as a “fixed place of business through which the business of an enterprise is wholly or partly carried out”. With E-Commerce, the principle of physical business presence is somewhat diluted because foreign merchants can now exploit the domestic market without establishing a traditional physical presence. Examples of such service would be providing consultancy work on-line, online banking, stock trading, internet databases, and even on-line gambling. Transactions can be therefore occur directly between the parties and without the knowledge of tax authorities simply because there is no more need to establish physical presence in the country by the service provider.

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As provided in the E-Commerce law, all government offices must accept electronic data messages or documents in their transactions within two years from the effectivity of the law. There are indications that positive developments are forthcoming in the way the Philippine bureaucracy will conduct its operations. The same way that businesses in the private sector are gearing up for electronic commerce (or e-commerce), the government is also on its way to e-government. E-government is the way that the government, whether in the national or local levels, improves the way it delivers services through the use of network and telecommunication-enabled technology.
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Unvested past service costs shall be amortized over the remaining vesting period of the covered employees. Conversely, if a plan has been curtailed or settled (the employer’s obligation is completely discharged) in the current period, the defined benefit obligation shall be decreased or eliminated, and the cooperative shall recognize the resulting gain or loss in profit or loss in the current period. When a financial asset or financial liability is recognized initially, a cooperative shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. A financing transaction may take place in connection with the sale of goods or services, for example, if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. If the arrangement constitutes a financing transaction, the cooperative shall measure the financial asset or financial liability at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Thus, the amount of the post-employment benefits received by the employee is determined by the amount of contributions paid by a cooperative to a post-employment benefit plan or to an insurer, together with investment returns arising from the contributions. The sales revenue recognized at the commencement of the lease term by a manufacturer or dealer lessor is the fair value of the asset or, if lower, the present value of the minimum lease payments accruing to the lessor, computed at a market rate of interest. The cost of sale recognized at the commencement of the lease term is the cost, or carrying amount if different, of the leased property less the present value of the unguaranteed residual value.

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Indeed, the validity of this claim is most difficult to do, and the measurement of the degree or level of compliance of taxpayers, as well as the impact of enforcement on voluntary compliance, is not attempted in this Report. The Bureau of Internal Revenue shall advance the amounts needed to defray costs of collection by means of civil or criminal action, including the preservation or transportation of personal property distrained and the advertisement and sale thereof, as well as of real property and improvements thereon.” The ROR System, however, is still in operation in those areas where there are no Authorized Agent Banks. Upon receipt of tax payments, the Revenue Collection Agents are required to issue Revenue Official Receipts to the paying taxpayers. As a continuing effort to constantly increase the volume of revenue collections generated under the self-assessment system, the Bureau has, over the years, effected diverse changes in its collection system.

The discount rate shall be a rate that reflect current market assessments of the time value of money. The risks specific to the liability should be reflected either in the discount rate or in the estimation of the amounts required to settle the obligation, but not both. A lessor shall recognize as an expense costs, including depreciation, incurred in earning the lease income. The depreciation policy for depreciable leased assets shall be consistent with the lessor’s normal depreciation policy for similar assets. Factors such as a change in how an intangible asset is used, technological advancement, and changes in market prices may indicate that the residual value or useful life of an intangible asset has changed since the most recent annual reporting date. If such indicators are present, a cooperative shall review its previous estimates and, if current expectations differ, amend the residual value, amortization method or useful life. The cooperative shall account for the change in residual value, amortization method or useful life as a change in an accounting estimate. A cooperative shall allocate the depreciable amount of an intangible asset on a systematic basis over its useful life.


Any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. These can include the costs of site preparation, initial delivery and handling, installation and assembly, and testing of functionality. Contractual obligations to purchase, construct or develop investment property or for repairs, maintenance or enhancements. If there has been a valuation, the fair value of investment property, the extent to which the fair value is based on a valuation by an independent professional valuer FOREX SCAM and the date of valuation. A cooperative shall transfer a property to, or from, investment property only when the property first meets, or ceases to meet, the definition of investment property. Investment property shall be measured at cost less accumulated depreciation and accumulated impairment losses. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Some inventories may be allocated to other asset accounts, for example, inventory used as a component of self-constructed property, plant or equipment.
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However, agreement on the amount of damages for a judgment that was reached before the reporting date, but was not previously recognized because the amount could not be measured reliably, may constitute an adjusting event. A cooperative shall not adjust the amounts recognized in its financial statements to reflect non-adjusting events after the end of the reporting period. The cooperative’s accounting policy for recognizing actuarial gains and losses and the amount of actuarial gains and losses recognized during the period. A cooperative may be committed, by legislation, by contractual or other agreements with employees or their representatives or by a constructive obligation based on business practice, custom or a desire to act equitably, to make payments to employees when it terminates their employment.

*Information not comfirmed*

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